I’ve been waiting for the past couple of months to see a correction in the markets with the belief that we’ve gained too much too fast. I was expecting at least a 10% pull back, but now that we’re in the middle of the correction I wonder if we could go further. Earlier today the DJIA was down almost 9%…
Author: Alex Fotopoulos
Dow Jones Chart (DJIA) – July 2, 2009
I charted the Dow Jones Industrial Average ($DJI) after it closed on July 2, 2009 at 8,280.74. The moving averages tell the story most clearly maybe. The DJIA is trading below its 10, 20, 50 and 200 day moving averages. (The 200 sma didn’t fit on my chart, so I penciled it in blue above.) …
End of Month Summary – June 2009
June was a decent month for me. I gained $1,178.78 not counting the deposit I made. That’s an approximate gain of 1.5% since the end of May. I didn’t hit my goal, but did end with a higher balance than I started with and that’s very important, especially since June 2008 was a down month for me. Looking at…
2009 Stock Picks – Q2 Review
We’re half way through our small group of bloggers’ contest for the four best stock picks of 2009. I’m still pulling in a solid last place, but have begun my comeback from a distant last at the end of Q1. This is how my picks faired over the two quarters: DRYS – Closed 12/31/08 at…
NASDAQ 100 Index (NDX) Chart – June 26, 2009
I charted the NASDAQ 100 Index ($NDX.X) on Friday, June 26, 2009 when it closed at $1,480.20 for the week. While I’m still not able to get on the bull band wagon for most of the indices, the NASDAQ 100 has more appeal still. NDX pulled back almost 6.5% intraday after hitting a recent high a few weeks…
Account Clean-Up
After making only one option trade to start the week off I finally got around to some account house cleaning this week which was overdue. I’ve been sitting on a large portion of my account in cash recently due to most my naked puts expiring out of the money and my covered calls expiring in the…
Looking for More Profit from NASDAQ (NDAQ)
I’ve been coming back to the NDAQ well for more profits ever since I picked them as one of my 2009 stock picks at the beginning of the year. They are actually down from when I picked them, but that’s why I’m not a buy and hold type investor, but an option seller. I’ve done well with…
Recent Mortgage Rate Changes – Video
Here’s a four minute video from my mortgage broker Greg Spencer from SCMG on Friday June 19, 2009. It’s worth watching to hear his opinion of what’s moving rates right now. I’ve used Greg three times with our mortgages – a refinance on our old house, our original loan on our current house and then a…
S&P 500 Chart – June 19, 2009
I drew this year to date (YTD) of the S&P 500 (SPX.X) chart after Friday’s close when it was finished the week at $921.23. I might have gotten a little line crazy on it and hope you can still see where I’m going with my following points. I drew two trend lines of higher lows that started in February…